CTDave

Optimism (OP); Is it Optimistic Short Term?

Long
CTDave Updated   
BINANCE:OPUSDT   OP / TetherUS
Hello Traders! CTDave here again with another daily price analysis chart.

Today I will analyze Optimism (OP).

I marked three possible outcomes. The one I think is going to be the most probable, is the blue arrow.

I entered a long position at $0.988 and I will set a long order at $0.95 as well. I'm going to take profit at $1.60 because I don't like to wait a lot.

What do you think?

As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!

Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Order cancelled:
Oof! Hit my Stop loss. I am disappointed because that rarely happens to me.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.